Domestic claims of other financial corporations (OFCs) in the Philippines increased to P10.75 trillion in the second quarter of 2025, marking a 16.7-percent rise from P9.21 trillion recorded in the same period last year.
Quarter-on-quarter, the figure was up 0.1 percent from P10.73 trillion in the first quarter of the year.
The Bangko Sentral ng Pilipinas (BSP) attributed the slight quarterly increase to the sector’s greater equity investment in shares issued by other nonfinancial corporations, higher holdings of government securities and growth in loans extended to households.
This growth, however, was slightly tempered by a decline in the OFC sector’s holdings of bank-issued debt securities, the BSP said.
OFC liabilities also saw a growth of 0.6 percent to P11.43 trillion in the second quarter from P11.37 trillion in the first quarter. This represented an 18-percent jump from the P9.69 trillion recorded in the second quarter of 2024. The increase was led by a rise in issued stock shares and higher insurance technical reserves.
The OFCs’ net foreign assets also expanded by 7.9 percent quarter-on-quarter, increasing from P0.64 trillion to P0.69 trillion. The central bank noted that this was a result of the growth in nonresidents’ claims.
The OFC survey (OFCS) provides data covering non-money market investment funds, other financial intermediaries, financial auxiliaries, captive financial institutions and money lenders, insurance corporations and pension funds.
The BSP uses the OFCS as an analytical tool to gather more comprehensive financial data, supporting its mandates for monetary and financial stability.
 reported a rise in domestic claims to P10.75 trillion in the second quarter of 2025, driven by equity investment, government securities, and household loans, according to the Bangko Sentral ng Pilipinas (BSP).){kind=link}